Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.170%
Price spread now: Variational Omni against Bluefin−0.090%7-day average +0.002% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.429%+$43 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.090%, 7d avg +0.002%
=Together, before fees+0.526%+ Points / potential airdropVariational Omni: Active · farm board+$53 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.092% cheaper against Bluefin than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bluefin BTC-PERP | 85,492.4 | 0.0100 | pay 0.0013% / 1h | 10m 36s | $206K | $737K | 40x |
| Short | Variational Omni BTC | 85,415.2 | 0.0100 | get 0.0100% / 8h | 3h 10m | $154.4M | $565.2M | — |
Bluefin BTC-PERP
Variational Omni BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Bluefin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.090% → +0.002%
- −$9.24
- Slippage, 4 orders
- no order book: not counted
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$16.24
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Bluefin: live order book, 44 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bluefin live order book, 44 min ago | 1.83 bp | 6.7 bp −$7 | 12.1 bp −$121 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 0.52 bp | doesn't fit | 0.5 bp −$5 | 2.5 bp −$245 | doesn't fit |
BTC on 56 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0140% | 1h | 85,504 | +0.014% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,456 | −0.043% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0045% | 8h | 85,419.4 | −0.085% | $919.2M | $758.2M | 125x | as long as short |
| BloFin BTC-USDT | −0.0028% | 8h | 85,443.4 | −0.057% | $420.3M | $675.4M | 150x | as long as short |
| Aster BTCUSDT | −0.0009% | 8h | 85,424.7 | −0.079% | $514.4M | $1.10B | 200x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 85,454.2 | −0.045% | $363K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,452.3 | −0.047% | $503K | $18.7M | 6.7x | as long as short |
| Nado BTC-PERP | +0.0002% | 1h | 85,448.6 | −0.051% | $24.4M | $223.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,455.9 | −0.043% | $36.5M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0028% | 1h | 85,448.7 | −0.051% | $16.8M | $21.2M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
Nado BTC-PERP
gTrade (Gains Network) BTC/USD
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,552 | +0.070% | $340K | $26.9M | 52x | as long as short |
| SoDEX BTC-USD | +0.0045% | 1h | 85,448 | −0.052% | $59.9M | $335.9M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0049% | 1h | 85,491.5 | −0.001% | $872.1M | $1.60B | 50x | as long as short |
| BingX BTC-USDT | +0.0063% | 8h | 85,428 | −0.075% | — | $1.55B | — | as long as short |
| Phemex BTCUSDT | +0.0066% | 8h | 85,448.5 | −0.051% | $148.6M | $497.9M | 150x | as long as short |
| Bitget BTCUSDT | +0.0079% | 8h | 85,428.7 | −0.075% | $2.95B | $5.12B | 150x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,439.8 | −0.062% | $2.8M | $3.5M | 20x | as long as short |
| MEXC BTC_USDT | +0.0091% | 8h | 85,430 | −0.073% | $5.07B | $5.68B | 500x | as long as short |
| Binance BTCUSDT | +0.0091% | 8h | 85,428.4 | −0.075% | $9.44B | $24.47B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,441.7 | −0.059% | $171.9M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,439.1 | −0.062% | $23.9M | $149.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,431 | −0.072% | $8.4M | $55.1M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,417 | −0.088% | $229K | $8.4M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,490 | −0.003% | $5.7M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,520 | +0.032% | $3.79B | $5.02B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,468.6 | −0.028% | $40.4M | $591.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,423.5 | −0.081% | $5.17B | $9.86B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,435.1 | −0.067% | $2.59B | $12.11B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,438 | −0.064% | $3.8M | $17.7M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,437.3 | −0.064% | $4.7M | $99.4M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,455.5 | −0.043% | $679.5M | $683.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,434.1 | −0.068% | $5.53B | $10.85B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,439.2 | −0.062% | $36.4M | $178.0M | 75x | as long as short |
| Variational Omni BTCshort | +0.0100% | 8h | 85,415.2 | −0.090% | $154.4M | $565.2M | — | |
| edgeX BTCUSDC | +0.0100% | 4h | 85,455.6 | −0.043% | $279.2M | $930.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,470.5 | −0.026% | $214.8M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,468.6 | −0.028% | $139.7M | $316.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,468 | −0.029% | $30.2M | $206.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,508.1 | +0.018% | — | $11.0M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,445 | −0.055% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,443 | −0.058% | $203K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,432.6 | −0.070% | $2.5M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERPlong | +0.0100% | 1h | 85,492.4 | long leg | $206K | $737K | 40x | |
| Derive BTC-PERP | +0.0100% | 1h | 85,426.4 | −0.077% | $30.0M | $50.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,419.6 | −0.085% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,439.1 | −0.062% | $2.26B | $950.0M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,400.1 | −0.108% | $45.8M | $234.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,465.5 | −0.031% | — | $106.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,484 | −0.010% | $117.5M | $5.26B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0104% | 1h | 85,434.5 | −0.068% | $6.6M | $147.2M | 40x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,467.5 | −0.029% | $187.7M | $956.7M | 100x | as long as short |
| Kalshi KXBTCPERP | +0.0166% | 8h | 85,476 | −0.019% | $11.5M | $753.1M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,469.4 | −0.027% | $8.6M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,456.4 | −0.042% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0240% | 1h | 85,481.3 | −0.013% | $700K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0250% | 1h | 85,504.3 | +0.014% | $78K | $222K | 20x | as long as short |
Injective BTC/USDC PERP
SoDEX BTC-USD
Deribit BTC-PERPETUAL
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kraken Futures PF_XBTUSD
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD